Monday, June 4, 2012
Fannie Mae posts biggest profit since 2007
Posted by Linda H on 7:49:00 AM
WASHINGTON — In a potential turning point for one of the biggest financial crisis bailouts, Fannie Mae reported a first-quarter profit and — for the first time since the government seized it in 2008 — does not need a quarterly infusion of taxpayer money.The $2.7-billion profit that the giant housing finance company posted Wednesday was its largest since the housing bubble burst in 2007 and is another signal that the real estate market finally might have hit bottom.
Energy Department Announces Funding to Develop “Plug-and-Play” Solar Energy Systems for Homeowners
Posted by Linda H on 7:39:00 AM
Washington, D.C. – As part of the Energy Department’s SunShot Initiative, U.S. Energy Secretary Steven Chu today announced up to $5 million available this year to develop “plug-and-play” photovoltaic (PV) systems that can be purchased, installed and operational in one day. This effort is part of the Department’s broader strategy to spur solar power deployment by reducing non-hardware, or “soft” costs, such as installation, permitting, and interconnection, which currently amount to more than half of the total cost of residential systems. The funding will help drive innovations to fundamentally change the design and installation of residential PV systems, reducing costs for homeowners and simplifying installations and grid connectivity.
Apple Needs to Make it in America
